The Birmingham age-herald. [volume], November 24, 1917, Page ELEVEN, Image 11

About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

Image provided by: University of Alabama Libraries, Tuscaloosa, AL

                
RAILS FEATURED
U. S. Steel Advanced to
98 1-4—Call Money at Low
est Rate of the Week
New York, November 23-— Backward -
ness of rails, despite assurances that
no strike will be called by the broth
erhoods, was the outstanding feature
of today’s moderate business on the
stock exchange. Other shares were dis
posed. after early hesitation, to sup
plement advances of the midweek, but
encountered occasional opposition.
Foreign affairs were less in the
foreground, although another violent
[ break in Italian exchange to a dis
count approaching 45 per cent cre
ated increased apprehension respect
ing the outcome of impending events
in that country.
Trading was accompanied by fre
quent intervals of extreme dullness,
but the monotony of the session was
relieved by intermittent activity of
pools in various specialties at gross
gains of 3 to 5 points.
Stable industrials, including equip
ments of the war division, again fluc
tuated within restricted limits, but of
fered more resistance to pressure,
United States Steel, for example,
mounting steadily in the last hour to
98Vi, a »et gain of 1% points. Lack
awanna Steel and Republic Iron were
unusually active at extreme advances
of and 514 points, respectively.
Industrial Alcohol, the motors, oils,
tobaccos, leathers, shippings and West
ern Union participated rather uneven
ly a gross gains of 1 to 4 points, but
shaded toward the close on realizing
sales in Marine preferred and motor
issues.
Call ononey w’as at its lowest rate
of the week, declining from 3*4 to
2y2 per cent for loans over the week
end on forecasts of a favorable bank
statement.
Bonds were firm but dull. Liberty
4s changed hands at 97.58 to 98 and
the 3J4s at 98.88 to 99.06. Total sales,
par value, aggregated $4,150,000.
United States bonds, old issues, were
unchanged on call.
« Stock Quotations
Sales. High. Low.
Amer. B. S.1.00 75 75
Amer. Can .8200 35% 34%
Amer. C. & F.... 1000 65% 64%
Amer. Loco.1500 55 54%
Amer. S. & R....3000 76% 7514
Amer. Sugar .... 500 08% 86%
Ana. Cop.6400 58 58
Atchison ...1500 86% 86%
Atlantic C. L.
Bald. Loco.5900 57
Balt. & Ohio ... 800 52%
Bethle. S. “B”..47400 83%
Can. Pacific
Cent. Leather ...5200
Ches. & Ohio ...1400
C., M. & St. P...1700
C„ R. I. & P.4100
Col. F. & 1.3700
Col. G. & E.100
Corn Prod.18700
Crucible Steel ..4600
Cuba Cane S. . . .9200
Erie .2300
Gen. Motors ....6500
Gt. Nor. pfd .... 700
Gt. Nor. O. ctfs.13100
Gulf States S... 100
Inspire. Cop. ...1200
Int. Mer. Mar. ..3700
do pfd.29800
Int. Nickel .1400
Int. Paper . 200
...2700
.8200 136'
68%
48
38
19%
35%
30%
30%
57%
30%
15%
94%
92
38%
88%
4+
26%
98
27%
21%
33%
.2000
.3400
.1600
79%
45
24 %
17%
71%
25 %
600 106
500 88%
36%
47%
46
22%
72%
78%
55 %
52%
80%
134%
66%
47%
37%
18%
34%
30%
28%
55%
.29%
14%
92
92
36%
88%
43%
25%
96%
26%
21%
'32%
118
23%
77%
44
24
17%
70%
Kenn. Cop.
Louis. & Nash... 300 118
Max. Motors . • • 900
Mex. Petrol.
Midvale Steel
Mo. Pacific .
Nevada Consol... 500
N. Y. Central ... 500
N. Y„ N. H. &
Hartford .1200
Nor. & West
Nor. Pacific
Ohio Cities Gas. 3400
Penn.1400
Pitts. Coal . 800
Ray Con. Cop. ..1300
Reading .11500
Rep. I. & S.28500
Seaboard A. L..
do pfd.
Sinclair O. & R..1600 31 % 30%
Sloss-Sheff. S. &
Iron . 500 38
Sou. Pacific. 700 84%
Sou. Railway ...1200 25
do pfd .
Studeb. Cor.12300 42%
Tenn. Cop. 100 12%
Texas Co. 1700 144 % 142%
Tob. Prod.1600 49 48
Union Pacific ...2300 lie’s 115%
United Cigar S...2800 88% 86%
United Fruit.
U, S. Ind. Alco. .3300 1 14% 110%
U. S. Rubber ... 800 52V.
U. S. Steel-125000 98%
do pfd. 800 109% 109
Utah Cop.1300 79% 78%
Va.-Caro. Chem.
Wab. pfd “A” .. 400 41 %
West’ll. Elec. ...1800 39%
Amer. T. & T. Co. 200 108% 108%
111- Cent. 100 96 96
Total sales for the dav i
shares.
105%
87
35%
47%
45
71%
73%
36%
83%
24%
39%
12%
51%
96
41 %
38%
Close.
75
35%
65
55
76%
98%
58 %
86%
94
57
52%
83%
136
67%
48
37%
19%
35%
30%
30%
57’%
29%
15
93%
92
38
88%
44
25%
96%
27%
21%
33%
118
24%.
7S%
45
24%
17%
71%
25 %
105%
87%
36%
47%
46
22%
72%
78%
8%
19
31%
38
84%
25
57
40%
12%
144%
48%
115%
88
117
114%
52*
98%
109
79%
30
41%
39%
108%
96
21,200
Bonds
TT. S. 2s registered .
TT. S. 2s coupon .
TJ. S. 3s registered.
TJ. S. 3s coupon .
U. S. Liberty 314s .'.’
U. S. 4s registered .
TT. P. 4s coupon .
Bethlehem Steel ref. Bs 1
Cfjitral of Georgia con. 5s
' sJnois Central ref. 4s .
Jouisviile & Nashville un. 4s !!!.
«t. Louis & San Fran. adj. 6s. ...
Seaboard Air Line adj. 5s .’
Southern Bell Telephone 5s ....
Southern Railway 5s .
Southern Railway gen 4s
U. S. Steel Is .'
96 Va
96 Vj
99
9»
99
104
104
89%
84 14
79%
86',;
59 U
44'4
92 44
92 44
6 814
99?i
Money Market
New York. November 23.—Mercantile
paper, 5<gj)5 % : sterling 60-day bills
4-71'4; commercial 60-day bills,' 4.70 'i ■
demand, 4.75 44.; cables, 5.71; time loans
steady; 60 days, 5@5'4; 90 days. 5',4@
B»i: six months, 5%@3?4. Call mioney
easier; six months, 3?i; low, 294- rul
ing rate, 3%; closing bid, 2%; offered
at 3; last loan, 3. Francs. demand,
57214 cables, 571; guilders, demand, 44’
cables, 4414; lires, demand, 895; cables
893; rubles, demand, 12%; cables ir«i’
Hubbard Bros. & Co.
?^‘^emW‘RV'w ^Sr°rrcoW*’E?:
ehan^, New Orleans Cotton Exchange,
New York Produce Exchange. Associate
Members Liverpool Cotton Association.
Orders solicited for the purchase and
sale of Cotton and Cotton Seed Oil for
future delivery. Special attention snd
liberal terms given for consignments of
spot cotton for delivery. Correspond
ence invited.
S. R. Stewart & Co.
€01 -2 tVocdvrard Bldg- Birmingham. \ |B,
Cotton, stocks, bonds, grain, provisions
end cotton seed oil. New Orleans cor
respondents Jno. F. Clf.k & Co. Direct
private wire, continuous quotations.
PMt Mala MT. W. 1. PHKLTS. Mas,
By JOHN 1
Business was brisk in the wholesale
district yesterday owing to the cold
spell, thus enabling the retailers to
stock heavily with all kinds of pro
duce.
Some changes were made in the fed
eral price list.
Cotton w'ent up !4c in all four grades.
Quotations were as follows:
Quotations in full follow:
Federal Price List
United States department of agricul
ture. bureau of markets, 808-809 Jefferson
County Bank building. Birmingham.
Ala., office, November 23. Daily market
news bulletin. (Brices based on sales
to retailers.)
N. B.—These are not retail prices, but
tne price at which your retail merchant
can buy the articles mentioned.
ONION'S—
Red or Yellow Globe, per pound_3@4c
Small Green, per bunch .IfoSc
APPLES—
Bulk stock, various varieties (best),
per peck .30Sj,32Vic
Barrelled stock, various varieties,
firsts, per peck .:.50@52V4e
Barrelled stock, various varieties^
seconds, per peck .40@50c
Box apples, northwestern varieties,
small size, per peck .I8@20c
CABBAGE—
Northern Danish, per pound.202V-C
CELERY—
In Rough (not bunched or washed)
Colorado, per stalk .6Vift9%c
California (large), per stalk.10@101/.c
CRANBERRIES—
Reds and Blacks, per quart.lR4?U6c
GREENS—
Various kinds, per bunch .2y.g4c
LETTUCE—
Big Boston (Louisiana) per head ..G@8c
RADISHES—
Per bunch (long or round) .CS5c
IRISH POTATOES—
Round Whites (best) per peck (15
pounds) .37&@42%c
SWEET POTATOES
Yellow Yams and Porto Ricans, per
peck (13)4 pounds) .30@32y:c
SPINACH—
Per Bunch .6@8c
TOMATOES—
Homegrowns (half ripe) per lb_3@4V4c
DRY BEANS—
Limas and Navys, per pound.16c
Black Eye, per pound .11c
T. C. BUSHFIELD,
Market Station Assistant.
Cold Spell Put New Life in the
_Wholesale District Yesterday
Poultry
Hens—25@26c.
Fryers—30@32c.
Guineas—45c.
Roosters—17c.
Extra Graded Eggs—40c.
Candled Eggs—38c.
Turkeys—Live, 30c.
Ducks—20@ 22c.
Meats
D. S. Ribs—28%c.
D. S. Clear Rib Bellies—33c.
D. S. Rib Bellies—33c.
Pork Loins—27c.
Choice Steers—I5@18c.
Choice Lambs—26c.
Jremium Lard— 31c.
Compound Lard—22*4c.
Choico Hams—31 c.
Choice Baccto—43c.
Fish
Perch—10c.
Salt Water Trout—15c.
Red Snapper—16@17c,
Gray Snapper—12J^c.
Mullet—9@10c.
Spanish Mackerel—17%c.
Virginia Croaker—10c.
Maryland Oysters—$2.25 gal.
Medium Select—$2 gal.
Flour and Feedstuff
Michigan Patent Flour—$12.15.
Idaho Patent Flour—$11,65. .
Tennessee Patent Flour—$11.35.
High-Grade Self-Rising Flour—$11.65.
Medium-Grade Self-Rising Flour—$11.50.
Hard Winter Wheat Flour—$11.95.
Perfection Corn meal—$3.85 per 9G-pound
sack.
Mexican dollars, 64%c; government
bonds, irregular; railroad bonds, firm.
London, November 23.—Bar silver,
421 5-6d per ounce; money, 4 per cent;
discount rates, short bills, 4% pel
cent; three months’ bills, 4% per cent.
Live Stock
St. Louis, November 23.—Hogs: Re
ceipts, 9500; market, higher; lights, $17.60
@17.85s pigs, $16@17.50; mixed and butch
ers, $17.70@18; good heavy, $17.$5@18.05;
bulk, $17.6u@18.
Cattle: Receipts, 2400; market, steady;
native beef steers, $8@>16; yearling steers
and heifers, $7@16; cows, $5@<11; stockers
and feeders, $0.5U@11;‘ fair to prime south
ern beef steers, $$@12.75; beef cows and
heifers, $6@10; prime yearling steers and
heifers, $^.50@10; native calves, $5.7o@
13.25.
Sheep: Receipts, 400; market, strong;
lambs, $13@17.50; ewes, $10@12.25; canners
and choppers, $5@8.50.
Kansas City, November 23.—Hogs: Re
ceipts, 9000; market, steady; bulk, $17.50@
17.75; heavy, $17.70@17.85; packers and
butchers, $17.50@17.75; lights, $17.25@&7.60;
pigs. $16.25@17.25.
Cattle: Receipts, 7000; market, steady;
prime fed steers, $15.50@(16.75; dressed beef
steers, $11@15: soutern steers, $7<gUl;
cows, $5.50$ 10.50; heifers, $6.50@12; stock
ers and feeders, $G.50@11.50; bulls, $6@
7.75; calves, $6.50@12.
Sheep: Receipts, 1000; market, steady;
lambs, $16.50@17.35; yearlings, $12.50@t
14.50; wethers, $11.50@13.50; ewes, $10.50@12.
Chicago, November 23.—Hogs: Receipts,
26,000; market, firm; bulk, $17.70@18; light,
$17.15@18; mixed, $17.50@18.10; heavy, $17.50
@18.05; rough1, $17.50@17.65; pigs, $14@17.25.
Cattle: Receipts, 6000; market, steady;
native steers, $7.40@15; western steers, $6.16
13.75; stockers and feeders, $6.10@11.25.
Sheep: Receipts, 8000; market, steady;
wethers, $S.75@12.90; ewes, $7.60@11.40;
lambs, $12.65@17.35.
Sugar Market
New York, November 23.—The raw su
gar market was unchanged with no sales
reported. It was rumored that President
Menoeal of Cuba had accepted 4.60c f. o.
b. Cuba for the new' crop there, as sug
gested by this government recently, but
no confirmation could be obtained. It
was also said that this government was
negotiating with Cuba for a large quan
tity of new crop sugars to be shipped
early next year, the price to be agreed
upon later. Prices were 574c for C'ubas
cost and freight, equal to 6.90c for cen
trifugal and 6.02c for molasses.
In refined the situation is partially re
lieved by the recently acquired sugars,
but the demand is still far in excess of
the supplies. Prices are unchanged at
8 33c for fine granulated.
Coffee Market
New York, November 23.—Tlie market
for coffee futures showed rather a reac
tionary tendency today, particularly dur
ing the earlier trading. It seemed that
recent advances had been sufficient to
bring out some realizing or a little trade
selling, and after opening at a decline of
1 to 5 points, active months sold about
4 to 6 points net. lower. December touched
6.80c and May 7.25c, but at this level the
market steadied on covering and reports
of a steadier cost and freight situation.
The close was net 1 point higher to 1
point lower. Closing bids: December,
6.86e; January, 6.95c; March, 7.13e; May.
7.29c; July, 7.47c; September. 7.65c. Spot
unchanged, with quotations on the basis
of 774c for Rio 7s and 914c for Santos 4s. i
The official cables showed an advance
of 76 reis at Rio. Santos spots were 50
and futures 25 reis higher. Brazilian port
receipts, 63,000; Jundiahy, 42.000. Rio
cleared 11,000 bags fbr Philadelphia..
..Metal Market
New Y'ork, November 23.—Metal ex
change quotes till nominal. $8; lead
steady, spot. 86.37 bid: spelter quiet,
spot East St. I-ouis delivery, $7.75#
1. At Dondon, copper, spot, £110: fu
tures, £110; electrolytic, £126. Tin, sppt.
. MOSES
| Hen Feed*—$3.85 per 100-pound sack.
Mixed Horse and Cattle Feed—$533460. I
Cl S. Meal 7 per cent—$54.
Cremo Feed Meal—$41.
Old Style Hulls—$~4.
Lintless Hulls—$16.
Gray Shorts—$57.
Wheat Bran—$45.
Corn—$1.78.
Corn Chops—?4.
No. 2 White Oats—9i)c per bushel.
Wheat—$4 per 1O0-pound sack.
Choice Pea-Green Alfalfa—$41 per ton.
Choice Timothy Hay—$59.
No. 1 Timothy Hay—$38.
No. 1 Johnson Grass—$24.
Sugar and Cereais
Granulated Sugar—8.83c.
Fancy Rice—$7 per cwt.
Grits—Cartons, $l doz.
Grits—Sacks, $3.85.
Creamery Products
Butter—Creamery, 48%c; southern but
ter, 47c; oleomargarine, 30c.
Full Cream Cheese—29c.
Fruits and Produce
! Cocoanuts—8c each.
Bananas—Large, $2.5003.
Fresh Peanuts— 12c lb.
i Oranges—California, $4.25.
1 Limes—Imported, 9Qc0$l.
Colorado Celery—90c doz., $5 crate.
Cranberries— $3.25 per cate; $15 barrel.
Snap Beans—$5 hamper.
Florida Oranges—$4.25 box.
Lemons—$5.
Grapefruit, $4.50.
Garlic—12%c lb.
Birmingham Live Stock
(Union Stockyards j
I Feci Steers:
j Good to Choice—708c.
| Medium to Good—606%e.
| Common to Medium—5%@6c.
| Grass cattle, according to weight, qual
| ity and flesh:
| Steers—607c.
! Fat Cows—6@6%c.
Medium Cows—5.2505.75c.
Cutters- -4.75<fcto,2oc.
Can nera—4.7505c.
Heavy Bulls—5.7506.25c.
Light Bulls—505.50c.
Oxen—405c.
Fat Yearlings—606.50c.
Medium Yearlings—4.7505.25c.
Yealers—607c.
Hogs:
Choice Corn Fed Hogs, 165 and Uj>—
14@15c.
Choice Corn Fed Hogs, 135 to 150—130
14c.
Choice Corn Fed Hogs, 90 to 135—11012c.
j Light Pigs, 90 Pounds Down—10011c.
I Best Heavy Hough Hogs—H%@13c.
I Half Fat Hogs—10011c.
| Soft and oil hogs from lc to 2c per
pound less than above prices.
Hides and Tallow
Green Salt Hides—18018c.
Half Cured—17@18c.
Green Hides—16017c.
Dry Flint Hides—37@38c.
Dry Salt Hides—33035c.
Damaged Hides—Half price.
Sheepskins—25c@$l.25.
Horse Hides—$2@5.
Ginseng—$7@8.
Colt Skins—25@80c.
Slierlings—25035c.
Goat Skins—400:50c. 1
Hog Skins—10015c.
Beeswax—28030c"
Tallow—12013c.
Washed Wool—65075c.
Clear Unwashed Wool—50065c.
Burry Wooi—30035c.
Pig Iron
No. 1.$49.50
No. 2 . 48049
No. 3 . 48.00
No. 4. 47.00
Gray Forge. 45.00
Mottled..\ 45.00
White Iron. 4o.0o
Spot Cotton
Good middling . 29%
Strict middling . 29
Middling . 28%
Strict low middling . 28%
£282 15s; futures, £281 15s. Lead, spot,
£30 10s; futures. £29 10s; spelter, sj^ot,
£54; futures, £50.
i
Naval Stores
Savanna, November 23.—Turpentine
firm, 48J/fcc; sales, 289; receipts, 231;
shipments, 377; stocks, 23,587. Kosife
firm; sales, 570; receipts. 994; ship
ments, 925; stock. 76,895. Quote: B, D,
E, F, G. $6.55; II. $6.60; I, $6.65; K.
$6.90; M, $7.10; N, $7.55; WG, $7.65;
WW, $7.75 bid.
Tobacco Market
Louisville, Ky., November 23.—To
bacco prices reached top marks here
today when a Louisville firm disposed
of 950,000 pounds of Burley at 30 cents
a pound, and 450,000 pounds of Indiana
dark, one sucker leaf and lugs, at an
average of 18*4 cents per pound.
The sales, totaling' 1,400,000 pounds,
is said to be the largest single tobacco
transaction in the history of Ken
tucky.
Bradstreet’s Review
New York, November 23.—Brad
street’s tomorrow will say:
More cheerful feeling, probably born
of the reported success of the allied
arms oversea, apparent completition
of stock market liquidation heavy
governmental buying, the return of
liberty loan money into circulation.
30-cent cotton, unrestricted ordering
by the excellently situated surplus
crop zones, record high bank clear
ings, and superanimated activity in
most industrial lines turning out es
sentials of war are factors that -eas
ily eclipse any lagging tendencies
that prevail. In a number of lines and
more especially in the cast, buying
for civilian account perforce reflects
a pause, this being largely due to the
fact that the government’s wants re
ceive preference.
> et in the face of conservatism
normal wants are sufficient to make
up a relatively large volume and sig
nificantly enough parts of the west,
southwest and most of the south dis
close the best trade movements and
collections ever experienced, demand
being for immediate as well as for
distant delivery.
Weekly bank clearings, $6,981,631,
000.
Spinners’ Takings
Statement of spinners' takings of
American cotton throngnout tiie world
This week, 437.000; same seven days
last year, 434,000; year before, 354,000- to
tal since August 1, 3,746,090; last vear
4,658,000; year before, 4,307,000.
Statement of world's visible supply
Total visible this week, 3,893,000; ' last
week, 3.811,00; last year, 4,992,000; year
before. 5,249,000. Of this tire total Amer
ican this week, 2,881,000; last week 2 -
779,000; last year. 4,121,000; year before
1,100,000. All other kinus this week 1 ’•
012,000; last week, 1,032,000; last year,
871,000: year before, 1,119,000. Visible "ill!
tlte United States this week, 1,12**000
this date last year, 1 >72,000; visible in'
other countries this week, 2,771.000- last
year, 2,420,000.
Steel spectacles are the latest addi
tion to the equipment of the Nether
lands army for modern warfare. They
will he supplied to machine bud sec
tions as a protection against splinters
of projectiles, flying chips of stone and
the like.
VV. E. CAMPBELL
COTTON
MnoVr New Orirana Cotton F!<alianK«,
CorreMpondpnt of Shepard *V- Cluck.
**w Orlaaaa, K. W. Wnitoncr ti Co.
ChU-aito iind New York
COTTON. STOCKS A NO CHAIN
Couthaiiou* Omitattona
MT-8 Woudwnrif Olds.
.- ..
mmM
ONE OF THE SADDEST SPECTACLES IN THE WORLD
By BRIGGS
lo Go
HOME. AMD
, Uet/ac
' . \ <JyAIWTED
WIFE
The XqU^TRy/CLUB -
Copyrighted 1917 by The Trpjune Assoc. (New York Tribnoe).
Varied Reports Affect the
Market From Opening to
Closing Session
New York, November 23.—Reports of
continued trade buying and the circula
tion of small crop estimates caused an
other sharp advance in the cotton market
today and new high records were es
tablished. January sold up from 2S.27c
to 2S.70c and closed at 28.52c, with the
general list closing steady at a net ad
vance of 19 to 27 points.
The market opened steady at an ad
vance of 3 to 11 points in sympathy with
higher European cables, but met a re
newal of yesterday’s selling movement.
This came largely from Wall street and
local sources and was again accompanied
by talk-of an easier spot basis in the
South. Offerings were absorbed on a
decline of about 4 to 6 points under
last night’s closing figures, however, and
the market turned firmer on reports that
the spot basis had stiffened during the
progress of the reaction, and that trade
interests were again buying against for
ward sales of goods. Covering by re
cent sellers - became active as prices
worked higher, and the demand seemed
to be stimulated by the publication of
a local crop estimate placing the yield
at 10,500,000 bales without 1 inter?*, or at
11,700,000 bales with lintels. Stop loss or
ders were uncovered as the market
worked into new high ground with De
cember selling up to 29.15c, while March
advanced to 28.39c and May to 28.20c,
making a net advance of 25 to 40 points
on the general list. The advance was
then checked by realizing, with the close
showing reactions of some 10 to 19 points.
Reports of lower official marine war risk
rates may have encouraged the early aft
ernoon advance, hut the talk was chief
ly of a firm spot situation, and the buy
ing by trade interests on declines. Re
ports from the dry gopds trade indicated
a good demand for forward delivery,
particularly in the matter of bleached
goods, and manufacturers were supposed
to be hedging such sales with purchases
of futures.
New York Futures
High. How. Close.
December . 29.15
January . 28.70
March .28.39
May . 28.20
July . 27.96
28.76
28.27
27.95
27.75
27.54
29.05
28.52
28.20
28.01
27.79
New Orleans Cotton
New Orleans, November 23.—Cotton
stood at the advance throughout the ses
sion here today, reaching its highest lev
els in the eariy afternoon, when the
market stood 31 to 35 points up, and clos
ing at a net gain of 20 to 27 points. The
continued favorable tone of war news
was the main bullish influence. Most
active months made new high records
and December sold up to £7.90c.
In the early trading prices gained about
10 points, but fell off from this to nearly
the level of yesterday's close under
liquidation, seemingly inspired by the
fact that tomorrow is first notice day
lor December tenders in this market.. Ori
the decline a good demand developed and
a quick recovery resulted and from then
on the market showed decided steadiness.
Highest levels were reached following the
potsing of the weekly statistics, which
showed unexpectedly large mill takings
—437,000 bales.
Reports that the war risk rate on Amer
ican vessels had been reduced and a pri
vate crop estimate of 10,500,000 bales, not
including linters, were supporting influ
ences. Spat accounts were conflicting,
but no real weakness was apparent In
this direction. I .oral spots were un
changed at 2S.50c for middling.
New Orleans Futures
High. l-oiv. Close.
December . 27.SO 27.67 27.SO
January . 27.65 27.32 27.31
March ... 27.41 27.10 27.31
May . 27.35 27.01 27,22
July . 27.21 26.91 27.13
Port Cotton
New Orleans: Middling, 2X.50o; receipts,
(060; exports, 2356; sales, 3982; stock, 274.
903.
(IpJveston: Middling, 28.60c; receipts,
9CS9; sales, 1798: stock. 277,303.
Mobile: Middling, 2S.80c; receipts, 567;
stock, 15,488.
Savannah: Middling. 2S.50c; receipts.
7721: sales, 1993; stock, 259,293..
Charleston: Middling, 28V&C; receipts,
2253; sales. 225; stock. 33,085.
Wilmington: Middling, 2SMs:; receipts,
606: stock, 47,177.
Texas City: Receipts, 2859; stock, 9389.
Norfolk: Middling. 28.50c; receipts, 3)48'
sales, 796; stock, 68,403.
Baltimore: Receipts, 2108; exports, 4S4S;
Btock, 24,734.
Boston: Middling, 30.10c; receipts, ]319;
stock, 8810.
Philadelphia: Middling. 30.30c; receipts, I
131: stock. 8609.
New York: Middling, 30.03c; receipts,
>70; stock, 101,201.
United States Steel Is Climbing
Towards the Century Mark Again
By JOHN
Rails loomed up as the main feature
on the stock exchange yesterday. The
movement was backward in spite of
good news that no strike would be pulled
off. Dullness featured the market all
day. Industrials, such equipments,
offered resistance. United States Steel
advanced steadily and closed at 98%, a
gain of Bonds were firm but dull.
Oats put corn aside in the grain pit on
heavy government buying, and on the
Minor ports: Receipts, 19,842; exports,
13,485; stock, 29,459.
Total today: Receipts, 50,273; exports,
20,689; stock, 1.100,035.
Total for week: Receipts, 225,263; ex
perts, 117,858.
Total for season: Receipts, 2,684,91$; ex
ports, 1,648,123.
Interior Movement
Houston: Middling, 28.50c; receipts, 10,
934; shipments, 8055; sales, 3705; stock,
205,651.
Memphis: Middling, 29c; receipts, 9208;
shipments, 6011; sales, 1000; stock, 202,337.
Augusta: Middling, 29c; receipts, 2398;
shipments, 1845; sales, 820; stock, 133,
391.
St. Louis: Middling, 29.25c; receipts,
9575; shipments, 9576; stock, 6791.
Cincinnati: Receipts, 219; shipments,
171; stock, 17,435.
Little Rock: Middling, 2S.S8c; receipts,
2078; shipments, 1294; sales, 1294; stocjc,
41,155.
Total today: Receirrts, 34,412; ship
ments, 26,952; stock, 606,763.
Liverpool Cotton
Liverpool, November 23. — Cotton:
Spot quiet;, prices steady. Good mid
dling, 22.68d; middling, 22.l6d; low mid
dling, 21.63d; good ordinary, 20.63d; or
dinary, 2.lid. Sales, 3000 bales, includ
ing 2000 American. Receipts, 61,000
bales, including 59,400 American. Fu
tures closed steady. New contracts:
January, 22.05d; March, 21.95d; May,
21.95d. Old contracts (fixed prices):
November, 21 d; December and Janu
ary. 20.45d; February and March, 20.27d;
April and May, 20.0M, June and July,
19.93d.
l
Cotton Seed Oil
New York, November 23.—Cotton seed
oil was extremely dull again today. Bids
were reduced early, owing to further ten
ders of 2200 barrels on contract, but de
mand from shorts, coupled with the
strength in competing products, imparted
steadiness to the market in the after
noon. November sold at 18.73c and Jan
uary at 18.33c and 18,30c. Final bids were
unchanged to 20 points lower for the day.
S'ales, 400 barrels. Prime A'ude, 10.67c
nominal.
Spot Cotton
New Orleans, November 23.—Spot
cotton firm and unchanged; sales on
the spot. 3407; to arrive, D75; low mid
dling, 27.62c; middling, 28.50c; good
middling, 20c; receipts, 6060; stock,
234,003.
Dry Goods Market
New York, November 23.—Cotton
goods and yarns here to3ay were ac
tive and strong, with rising prices.
Wool markets were quiet. The silk
trade was quiet.
Weekly Liverpool Statistics
Liverpool, November 23.—Weekly
cotton statistics: Total forwarded to
mills, 103,000 bales, of which 96,000
were American; stock. 4S2.000. Ameri
can 368,000; imports. 1 10,000, American
103,000; exports, none.
Hubbard Bros. & Co. s Letter
New York, November 23.—(Special.)
The market today ruled firm, advanc
ing to the highest level on record on
l the reiteration of small crop estimates
which indicate a lint yield of less than
!lC?«. it is now currently estimated the
linter crop will be about 1,100,000 bales.
As the market reached higher prices we
'again note that cotton comes out which
had been held for this advance. Natu
rally with the difficulties of transpor
tation and of export the basis falls
down which accounts for reports we
received of lower basis. There is, ot
course, little or no short interest, ex
cepting against cotton in one shape or
another as the reports of short yield
have more influence than the difficul
ties of exporting the crop which are
known to comparatively few.
Over S. R. Stewart & Co/s Wire
New York, November 23.—New high j
records were made early every day and j
week, the maximum being reached at i
this writing, when prices show an ad- 1
var.ee of 15 to 19 points from those
quoted November 14, when the bullish
census report was issued s'howing a
month’s consumption of dj&.iOOfl hales
cotton and ltnters. Small mill stocks
and 1,000000 more spindles working than
last year. Since this, the market ad
vanced steadily, sharp bulges occurring
on Wednesday on receipt of Haig’s
diive toward Cambrai. The particular
rise, however, may be regarded as pure
phychological but at the same time it j
indicates that present temper of the cot- |
ton trade in such that any bulge was
Immediately taken at its full val>**,
C. MOSES
announcement that no maximum price
will be set. Com closed strong:, 1% to
17/8c net higher. New strength in grain
and hogs lifted’provisions upward. The
market closed bullish.
Cotton hit a higher level on reports of
small crop estimates and continued trade
buying. Offerings wero taken on de
clines. Recent sellers were busy cover
ing as prices worked upward. The dry
goods world is eager for cotton, which
also held up quotations.
wrhile unfavorable news such as the
Russian lay-down, Italian reverses, re
striction of exports due to scarcity of
shipping, unexpectedly large number of
sinkings this week, are ignored. The
trend of the market appears to be
toward higher levels, as there seems to
be no letup in the demand for contracts
by Liverpool and domestic trade inter
ests, but it must be remembered that
2S%c for January cotton can hardly be
regarded as cheap.—E. F. Hutton & Co.
Chicago—Cash corn starts unchanged,
but tone easy. Some cash men think
the 80 and 90-cent stuff will sell down
to the level of the poorest sorts.—Bab
cock.
Chicago—Commission house oats for
sale at 69c, but crowd doing the selling
below that. Tone still firm, tfiough
volume of demand is smaller. Cash
oats follow the advance.—Babcock.
New York—Yesterdays’ relapse was
simply selling out by people who bought
stocks expecting a quick rise. The ex
tra dividend by Lackawanna Steel is
a forerunner of others. Very few peo
ple expected Baldwin to declare a divi
dend at this time. Railroad new3 is
favoralbe. People are beginning at
last to notice the inflation
ciirring through the issuance of govern
ment notes. It is bound to have its ef
fect on securities. So far it has af
fects only commodities.—Hutton.
Weekly Cotton Statement
New York, November 23.—The cotton
market has shown continued strength
during the past week and prices have
again established new high records for
the season. The reactions caused by un
founded rumors that the question of con
trolling prices was being considered at
Washington were quickly recovered, and
fresh buying stimulated by reports of a
good spot demand, reiteration of small
crop estimates and a belief that contracts
sold on declines were going into the
hands of trade interests. The announce
ment that the British government had
slotted 40,000 tons of shipping for the im
portation of cotton during December
compared with 25,000 tons for November,
encouraged estimates of increased ex
ports, while reports from the dry goods
trade indicated a continued good do
mestic demand for forward delivery.
These reports were accompanied by pur
chases of spring deliveries for the ac
count of trade interests around the ring
here, suggesting that spinners were hedg
ing their sales of goods in the contract
markets and there was a broadening of
outside demand on the news of British
victories in France. This was followed
by realizing when the market sold
through the 28Vf»c level for January con
tracts on Thursday morning, but offer
ings were absorbed on reactions of 20 or
30 points, and the best prices of the
week and season were reached during to
day’s trading, when January sold at
28.70c, compared with 27.14c at the close
of the previous Friday. There were re
ports of an easier spot hasis on the mid
week advance, which led to talk that the
south was selling more freely at the
higher level, but this morning’s advices
from the interior indicates that the basis
had firmed up following the decline in
futures. The census report published on
Wednesday morning showed 8.559,390 baies
ginned to November 14, and failed to
modify crop ideas to any material ex
tent. Members of the Memphis cotton
exchange estimate the crop on the aver
age at 10,732,000 bales, excluding linters,
and a local estimate published today
made it 10,500,000 bales, excluding linters,
or 1,700,000 for the total growth.
Hester’s Cotton Statement
Comparisons are to actual dates not to
close of corresponding weeks:
In sight for week, 539,(XJO bales; same
seven days last year, 504,000; same seven
days year before. 410,000; for the month.
1,639,000; same date last year, 1,854,000;
same date year before. 1,586.000; for sea
son, 5.123,000; same date last year. 6,650,
000; same date year before. 5,215,000. Fort
receipts for season, 2,615,000; same date
last year, 3,764,000; same date year be
fore last, 2,970,000. Overland to mills
and Canada for season, 454,000; same
date last year, 702,000; same date year
before, 367,000. Southern mill takings for
season. 1,429,000: same date last year,
1,411,000; same date year before, 1,130,
000. Interior stocks in excess of August
1,555.000; last year, 774,000; year before,
747,000. Foreign exports for week. 118,
000; same seven days last year, 105,<X)0;
same seven days year before 97,000; foi
season, 1,648,000; same date last year, 2,
BIRMINGHAM V
HIDE & TALLOW COMPANY
lad Ave. an<l 28th St., Blrnninffliam, Ala.
Alabama DeaUm In
Hides. Wool. Fur*. Sheep Skins. Goat
Skin*. Horse Hides, Tallow,
lleeswax and Ginseng
OATS REPLACE
CORN IN GRAIN PIT
Heavy Buying by Govern
ment Sends Staple Up to
New Record Price
Chicago, November 23.—Huge pur
chasing of oats for government ac
count, together with authoritative
statements that no maximum price on
oats would be established, had n
strengthening effect today on the value
of all board of trade commodities. Corn
closed Arm, %@l%c net higher; oats
up 1%(®2c, and provisions varying
from unchanged figures to a rise of
36c. S,
For the third day in succession oats
jumped to new high record prices for
the season. The broad demand wims:
existed both for immediate del' ,
and for future options as well v
ascribed directly to measures taken .o
supply' the needs of the various en
itente governments. Topmost prices of
[the day were reached after positive
announcement had been made that
there was no need or prospect of a
maximum price being fixed. Meanwhile,
country holders seemed afraid to sell.
Their chief reason appeared to be
scarcity of cars, although the govern
ment is shortly expected to increase
the number of cars in the west to han
dle cereals, including oats.
Corn prices reflected the pronounced
car shortage and the fact that unwel
come dampness and mild temperatures
prevailed.
Strength of grain and hogs lifted
provisions. Besides, the market was
bullishly afTected by liberal shipments
of packing house products.
Chicago Futures
Future quotations were as follows:
Corn Open, High. Low. Close.
Jan.1.20 1.22 >4 1.19% 1.21%
May .1.17% 1.19% 1.17% ' 1.19%
Oats—
Dec. 68% 70% 88 % 69%
May . 67% 69*4 67% 69%
Fork—
Jan.46.30 46.60 46.30 46 60
Lard—
Nov. .27.60 *. 27.50
Jan.24.85 24.93 24.85 24 99
Ribs—■
Jan.24.75 24.90 24.75 24.87
May . 24.75 24.37 24i72
Produce Market
New York. November 23.—Butter firn
receipts, 3S11 tubs: creamery, hi.ghi
than extras. 47%©47%c; extras (93 score
46%®4U%c; firsts, 42%@46c. Eggs firn
receipts, 5450; fresh gathered extras, 57
58c; extra firsts, 65@56e: firsts, 50®64i
'seconds, 44®48c; refrigerator specli
marks insurance paid, 34®34%c: first
S2big33%c. Cheese steady; receipts, 251
boxes; state whole milk, flats, fres
specials, 23%e; state -whole milk, flat
fresh specials, average run, 23c. Poul'rj
Dressed firm; chickens. 21%@a6c; fowl
|17%<827%c; turkeys, 204j38c.
Chicago, November 23.—Butter lowei
creamery, 36®45c. Eggs firm; receipt:
40)3 cases: firsts, 46%®4Sc; ordinar
firsts, 43®45e.
Kansas City, November 23.—Butt*
eggs and poultry unchanged.
Cash Grain
Chicago, November 23.—Cash corn, No.
2 yellow, nominal; No. 2 yellow, $2.19;
No. 4 yellow, $1.90®2.0b.
Oats, No. 3 white, 71®72c; standard
71%@72%c.
Rye, No. 2, $1.78®1.79.
Barley. $i.local. 1.40.
Timothy, $5.00417.50.
Clover. $20.007726.00.
Fork, nominal; lard, $27.33® 27.60; ribs,
$27.50.
St. I.ouis, November 23.—Corn, No. 2,
$1.80; No. 2 white. $1.87%fal.90: Decem
ber. $1.26%; May, $1.197i>@1.20.
Oats. No. 2. 72%©73%c; No. 3 white,
74(fi74%c; December, 71 %c; May, 71%c.
Kansas City. November 23.—Corn, No.
2 mixed. $1.83® 1.95: No. 2 white, $2.05;
No. 2 yellow, $2.07^:3.10.
Oats. No. 2 white, 73%c; No. 2 mixed,
72®72%c. t /
Rice Market
New Orleans, November 23.—Rough ana'
clean rice were steady today, with quo
tations unchanged. Receipts: Itougti,
7510 sacks; millers, 524<">: clean, 2342 pock
ets. Sales: Rough Honduras, sacks;
blue rose, 30; clean Honduras, 2200 pock
ets; blue rose, 5211.
|
228,000; same date year before, 1,715,000.
Northern spinners’ talkings and Canada
for week, 148,000; same seven days last
year, 131,000; for season, 854,0)0; to sam*
date last year. 1,218,000.
The Canadian government’s venture to
supply the public with fish at a reasona
ble price has proved a success. A refrig
erator service from Nova ScotiR to On
tario was provided, and the government’s
scheme was advertised. Tn one week
there were three cars carrying approxi
mately 60,000 pounds of fish, as against
normal shipments of 5000 pounds.